SARS issued a VAT Guide for Share Block Schemes which can be accessed here.
This guide is a general guide concerning the application of the Act to share block schemes in South Africa. The information in this guide is issued for guidance only and does not constitute a binding general ruling as contemplated in Chapter 7 of the TA Act or section 41B of the Act unless otherwise indicated.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.